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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Jeff Mills who wrote (31721)	3/2/1998 6:33:00 PM
From: David E. Taylor	Read Replies (1) of 176387

Right on the heels of the report from the ML conference from CPQ about pricing competition came the news wire at 13:11 EST that CPQ was reducing prices on its entire Armada notebook line from between 8% (high end $5000+) to 25% (lo end <$2500). CPQ started down almost immediately from its intraday hi of 33.5 to close at 31, and DELL got caught in the down draft. Obviously the market is hypersensitive to such news, especially when we have high valuations. We may see more declines tomorrow, if so, DELL may take until Friday to recover to the 140+ level. DAvid T.

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